Call to axe China aluminium tax opposed

An appeal by the China Nonferrous Metals Industry Association (CNIA) for the Chinese government to remove a longstanding 15% tax on primary aluminium exports has been met with criticism by the Aluminum Association.

The Arlington, Virginia, USA-based trade association warned Wednesday that “the unilateral removal of these taxes [on Chinese products] could have unforeseen impacts on the balance of trade and the global aluminium market,” asserting that American primary aluminium production could “come under additional pressure” if the taxes were removed, endangering more than 10,000 jobs nationwide and $6 billion in economic output. “We strongly encourage the Chinese government to consider both the impact on the global aluminium market as well as the impact on their...

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This article was first published by AMM

September 10, 2015

01:45 GMT